• Qualcomm is increasing funding and engineering support for Indian startups through Qualcomm Ventures.
• The company is expanding its R&D centers in India to harness local engineering talent.
• India’s fast growing market, driven by a young tech-savvy population, remains a top priority for Qualcomm.

US chipmaker Qualcomm is deepening its commitment to India by boosting investments in startups and expanding its research and development efforts. Through Qualcomm Ventures, the company not only provides capital to promising Indian startups but also offers engineering support to help them grow and succeed.

Akash Palkhiwala, CFO and COO of Qualcomm, highlighted the company’s long standing belief in India’s talent pool and its vibrant customer base. “We want engineering teams close to customers to support them better”, he said. Over the past 20 years, Qualcomm has significantly expanded its presence in India and plans to increase its investments further.

Qualcomm Ventures has been active in India since 2015 with a $150 million fund dedicated to supporting startups aligned with initiatives like Digital India. Palkhiwala confirmed that the company intends to invest even more in Indian startups going forward. “It’s about finding the right opportunities and helping them succeed with more than just money”, he added.

Alongside startup funding, Qualcomm is growing its R&D centers in India to leverage local engineering expertise for global innovation projects. The Indian teams are also developing AI technologies for personal, industrial, and physical applications that serve worldwide markets.

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With India’s young, tech-savvy consumer base and rapid market growth, Qualcomm sees the country as a strategic hub for innovation. Their focus on nurturing startups combined with expanding R&D highlights India’s rising importance in Qualcomm’s global strategy.